: Bank of America rises in premarket trades, as big bank stocks look to end the month in positive territory
Bank of America Corp.’s stock BAC was up by 0.4% in premarket trading on Thursday as the megabank looks to end the month in positive territory. As of Wednesday’s close, Bank of America’s shares had gained more than 19% in November, for their first positive month since July and best overall monthly gain since October 2022, according to Dow Jones Market Data. JPMorgan Chase & Co. JPM, Goldman Sachs Group Inc. GS, Morgan Stanley MS, Wells Fargo & Co and Citigroup Inc. C have all been rising in recent weeks. The sector shifted into rally mode on Nov. 14 after tame Consumer Price Index data.
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